Zerodha is a concept of discount brokers that facilitates easier market investment for traders or investors. Just a few simple procedures are needed to create an account on Zerodha:
- Pick up the phone and go to Zerodha’s website. Then, hit “Open Account”
- As an individual, you must enter your name, email address, and phone number.
- Read the rules and agree to follow them.
- You need to upload the right paperwork, like your PAN card, Aadhaar card, and a voided check.
- Finish the online KYC process.
- They will send you an E-mail with complete steps and guidance on how it works.
- After that, just sign in to your account and start your trading at Zerodha.
What Is Zerodha?
The name Zerodha is made from Zero & “Rodha ” is a Sanskrit word, mainly used for the barrier. They help you to invest in the stock market and well-known Indian choice Mutual funds. Mr. Nithin Kamath introduced the concept of discount brokerage to the investing traders of the industry in the year 2010 and their company made a huge change in the market by offering affordable pricing and removing broker fees on investments.
Who is Nithin Kamath?
Nithin Kamath is founder of the leading discount brokerage company Zerodha in India,While his brother Nikhil launched Zerodha in 2010, Nithin Kamath co-founded the company and is its current boss. Their creative low-cost trading strategy completely changed the brokerage business in India. Zerodha now boasts a customer base of over 10 million.
At seventeen years old, Kamath started to show interest in the stock market with penny stocks. He suffered a loss of a large sum during the 2001–2002 market meltdown. Not that it stopped him. He worked at a call center and traded throughout the day to rebuild his capital.
The success of Zerodha transcends its main line of business. Through Rainmatter, a venture capital firm that helps startups—especially those that are centered on financial inclusion—Kamal is actively engaged in the fintech industry. In addition, he founded the Rainmatter Foundation, a charitable organization devoted to service to the community.
The source of information about Mr.Nithin Kamath comes from Wikipedia
How Does Zerodha Work?
Zerodha works over an online discount brokerage strategy or you can say it works on predetermined protocols & exclusively offers online trading services to investors and the trader in the market. In order to cater to its clientele, the company relies heavily on technology and maintains a limited number of branches and offices. Technology enables them to expand and decrease the expenses of running their business, which, despite offering inexpensive trade, allows them to maintain substantial profits as a result.
Do You Know About Streak Zerodha?
Streak Zerodha is an algorithmic trading platform that collaborates with reliable brokers including Upstox, ICICI Direct, 5paisa, and Angel Broking. Should we have an account with any of the brokers, we may log onto Streak using the same username and password. Streak gives ordinary traders without any coding experience a plain language environment to create and test trading strategies.
Though there is a chance of losing it, it provides a safe way for people to get real money experience. Zerodha has recently introduced two exclusive platforms: KITE & COIN, which is a direct mutual fund platform.
We collected the above information from various reputable like Quora and Wikipedia sources and the information is compiled in a shorter version making it easy for the users to understand the topic from the basic point.
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